Perspective On IIP Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Below the Perspective On IIP Data By Mr. Nish Bhatt, Founder & CEO, Millwood Kane International
Production (IIP) growth rate dropped from 5.7% in February to 4.9% in March. The mining industry, whose output increased by 1.2 percent in April compared to an 8.0 percent gain in February, was the primary cause of the drop in industrial growth from a month earlier. In contrast, the industrial sector's output increased by 5.2% in March 2024 compared to 1.5% the previous year. A favorable environment is created by the expectation of a strong monsoon, decreasing inflation, and increasing urban demand. However, the geopolitical issues, rural consumption, inflationary food prices and crude movement needs to be monitored in near future."
Above views are of the author and not of the website kindly read disclaimer
Tag News
China Unveils Policies to Boost Trade Amid Tariff Worries by Amit Gupta, Kedia Advisory
More News
Perspective On markets by Mr. Jaykrishna Gandhi, Head Business Development, Institutional Eq...
